On: Bitcoin hits new all time high on Mt. Gox

[russellallen]

Large value movements, up or down, are not a good thing.

[geuis → russellallen]

Can you explain why? Maybe give some historical examples?

[russellallen → geuis]

If I want it to be a useful currency, I want it stable and predictable. Otherwise I have to mitigate my currency risk by hedging or taking out forward exchange contracts (assuming that I can find someone prepared to offer that service for bitcoins)